Newfoundland Labrador

Province in Canada

Exports (2019): C$ 23.3B, Rnk 8/13

Top Destination (2019): C$ 17.2B, United States

Top Export (2019): C$ 11.9B, Petroleum oils, oils from bituminous minerals,...

Imports (2019): C$ 7.69B, Rnk 9/13

Top Origin (2019): C$ 6.18B, United States

Top Import (2019): C$ 5.85B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): -1.2, Rnk 11 / 13

Overview: This page contains the latest international trade data for Newfoundland Labrador, including export and import data.

Exports: In 2019, Canada's Newfoundland Labrador exported C$ 23.3B, making it the 8th largest exporter out of the 13 exporters in Canada. In 2019 the top exports of Newfoundland Labrador were Petroleum oils, oils from bituminous minerals,... (C$ 11.9B), Light petroleum distillates nes (C$ 3.43B), Petroleum spirit for motor vehicles (C$ 2.61B), Iron ore, concentrate, not iron pyrites,... (C$ 1.53B), and Iron ore, concentrate, not iron pyrites,unagglomerate (C$ 940M).

Imports: In 2019, Canada's Newfoundland Labrador imported C$ 7.69B, making it the 9th largest importer out of the 13 importers in Canada. In 2019 top imports of Newfoundland Labrador were Petroleum oils, oils from bituminous minerals,... (C$ 5.85B), Light petroleum distillates nes (C$ 793M), Petroleum spirit for motor vehicles (C$ 115M), Vessels: other, including lifeboats other than... (C$ 90.1M), and Cruise ships, excursion boats, ferry boats (C$ 88.2M).

Economic Complexity: In 2019, the highest complexity exports of Newfoundland Labrador according to the product complexity index (PCI) are Newsprint (1.27), Raw Furskins (-0.15), Electricity (-0.58), Limestone (-0.63), and Raw Nickel (-0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): United States, C$ 17.2B

Top Product (2019): Petroleum oils, oils from bituminous minerals,..., C$ 11.9B

In 2019 the top export destinations of Newfoundland Labrador were United States (C$ 17.2B), Netherlands (C$ 1.2B), United Kingdom (C$ 1.16B), China (C$ 800M), and Italy (C$ 501M).

In 2019 the top exports of Newfoundland Labrador were Petroleum oils, oils from bituminous minerals,... (C$ 11.9B), Light petroleum distillates nes (C$ 3.43B), Petroleum spirit for motor vehicles (C$ 2.61B), Iron ore, concentrate, not iron pyrites,... (C$ 1.53B), and Iron ore, concentrate, not iron pyrites,unagglomerate (C$ 940M).

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Export Dynamics

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Fastest Growing Exports Destination (April 2019 - April 2020)

Rapidly Declining Export Origins (April 2019 - April 2020)

Yearly Imports

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Top Origin (2019): United States, C$ 6.18B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., C$ 5.85B

In 2019 the top import origins of Newfoundland Labrador were United States (C$ 6.18B), Russia (C$ 558M), Norway (C$ 181M), United Kingdom (C$ 96M), and Libya (C$ 88.6M).

In 2019 the top imports of Newfoundland Labrador were Petroleum oils, oils from bituminous minerals,... (C$ 5.85B), Light petroleum distillates nes (C$ 793M), Petroleum spirit for motor vehicles (C$ 115M), Vessels: other, including lifeboats other than... (C$ 90.1M), and Cruise ships, excursion boats, ferry boats (C$ 88.2M).

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Import Dynamics

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Fastest Growing Import Origins (April 2019 - April 2020)

Rapidly Declining Import Origins (April 2019 - April 2020)

Comparison in Time

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This section shows differences between total trade from Newfoundland Labrador throughout time.

This section shows forecasts for total exports and imports from Newfoundland Labrador. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Canada

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Newfoundland Labrador ranks 11th out of the 13 provinces in Canada according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Newfoundland Labrador it is in position 11th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Newfoundland Labrador already has a comparative advantage, are led by Gold (0.034), Raw Aluminium (0.034), Animal Meal and Pellets (0.034), Fish Oil (0.033), and Processed Fish (0.033).

Most Complex Products by PCI

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The highest complexity exports of Newfoundland Labrador according to the product complexity index (PCI) are Newsprint (1.27), Raw Furskins (-0.15), Electricity (-0.58), Limestone (-0.63), and Raw Nickel (-0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Raw Nickel (36.6), Crustaceans (27.8), Iron Ore (20.4), Newsprint (20.3), and Crude Petroleum (10.2).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Newfoundland Labrador is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Newfoundland Labrador. These are products that tend to be co-exported with the products that Newfoundland Labrador exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.